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Scenario 4: StellarTech is a technology company that provides innovative solutions for a connected world. Its portfolio includes groundbreaking Internet of Things (IoT) devices, high-performance software applications, and state-of-the-art communication systems. In response to the ever-evolving cybersecurity landscape and the need to ensure digital resilience, StellarTech has decided to establish a cybersecurity program based on the NIS 2 Directive requirements. The company has appointed Nick, an experienced information security manager, to ensure the successful implementation of these requirements. Nick initiated the implementation process by thoroughly analyzing StellarTech's organizational structure. He observed that the company has embraced a well-defined model that enables the allocation of verticals based on specialties or operational functions and facilitates distinct role delineation and clear responsibilities.
To ensure compliance with the NIS 2 Directive requirements, Nick and his team have implemented an asset management system and established as asset management policy, set objectives, and the processes to achieve those objectives. As part of the asset management process, the company will identify, record, maintain all assets within the system's scope.
To manage risks effectively, the company has adopted a structured approach involving the definition of the scope and parameters governing risk management, risk assessments, risk treatment, risk acceptance, risk communication, awareness and consulting, and risk monitoring and review processes. This approach enables the application of cybersecurity practices based on previous and currently cybersecurity activities, including lessons learned and predictive indicators. StellarTech's organization-wide risk management program aligns with objectives monitored by senior executives, who treat it like financial risk. The budget is structured according to the risk landscape, while business units implement executive vision with a strong awareness of system-level risks. The company shares real-time information, understanding its role within the larger ecosystem and actively contributing to risk understanding. StellarTech's agile response to evolving threats and emphasis on proactive communication showcase its dedication to cybersecurity excellence and resilience.
Last month, the company conducted a comprehensive risk assessment. During this process, it identified a potential threat associated with a sophisticated form of cyber intrusion, specifically targeting IoT devices. This threat, although theoretically possible, was deemed highly unlikely to materialize due to the company's robust security measures, the absence of prior incidents, and its existing strong cybersecurity practices.
Based on the scenario above, answer the following question:
What organizational model has StellarTech embraced?